ClearOne (NASDAQ:CLRO) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO) in a research report released on Wednesday. The firm issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Performance

Shares of CLRO opened at $1.54 on Wednesday. ClearOne has a 1 year low of $0.64 and a 1 year high of $2.65. The firm has a fifty day moving average of $1.26 and a 200-day moving average of $0.97. The company has a market cap of $36.90 million, a price-to-earnings ratio of 1.83 and a beta of 0.92.

ClearOne Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Tuesday, April 2nd will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 11th.

Hedge Funds Weigh In On ClearOne

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of ClearOne by 365,044.4% during the second quarter. BlackRock Inc. now owns 32,863 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 32,854 shares during the period. State Street Corp acquired a new position in ClearOne during the 2nd quarter valued at about $32,000. Marshall Wace LLP acquired a new position in ClearOne during the 2nd quarter valued at about $54,000. Finally, Renaissance Technologies LLC raised its position in shares of ClearOne by 28.6% during the 1st quarter. Renaissance Technologies LLC now owns 450,660 shares of the communications equipment provider’s stock worth $680,000 after buying an additional 100,100 shares in the last quarter. 9.58% of the stock is currently owned by institutional investors and hedge funds.

ClearOne Company Profile

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.